Aren’t there better ways to spend £80bn?

The Daily Mail reports on IEA research

Is the tide beginning to turn against the HS2 high speed rail link between London and the North? 

First Alistair Darling and Lord Mandelson, cheerleaders for the project when in government, warned it will suck up cash and be an ‘expensive mistake’ – denting the cross-party consensus in its favour.

Now the respected Institute for Economic Affairs says the cost of the line (which ministers recently revised upwards, from £34billion to £43billion) is actually likely to be £80billion – or £3,000 per household.

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